OK so who is going to buy this $1.3T Obama is going to have to sell every year for the next 4 years? It's not going to be Japan our second largest debt holder because they are on the verge of financial collapse. Europe? They need everything they have to bail themselves out. So who is left? Nobody, except the Fed. We are about to see a full monetization of our debt meaning we are about to see some serious inflation. Buy gold and lots of it. 7 1/2 ounces per $1000 of your monthly expenses times the number of years you expect it to last is what is recommended.
They can only buy a portion of that massive deficit. They will also dump it as fast as they can, when the debt gets downgraded. Democrats are only talking about slowing the growth of government spending, not really reducing government spending. They will increase taxes and continue to increase spending by the government. They will have their cake, and be able to eat us alive as well.